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Buying and selling real estate in Montenegro
Recommended property
Property in Petrovac
Petrovac - very cozy and beautiful city on the Montenegrin coast. It is situated in a picturesque bay surrounded by mountains, olive groves and pine forests almost halfway between the cities of Budva and Bar. Feature of the resort is that there are few hotels. In Petrovac many villas and cottages are built, they welcome tourists and visitors from all over Europe.
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Property in Igalo
Igalo - medical and tourist center in Montenegro. It is best not only in Montenegro, but also the biggest in the Mediterranean. It has amazing healing microclimate and unique nature. People come from all over Europe in Igalo, not only to have good holiday, but also improve the health.
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Property in Montenegro
In Montenegro, as in many other resorts of the world, investors buy properties for two purposes: purchase real estate in the resorts of Montenegro in order to sell it and make money by increasing the market value. Or buy villas, apartments, townhouses in Montenegro to stay in them for vacation or to live permanently in Montenegro.
Today in Montenegro you can buy the real estate of different price categories: from the prestigious real estate in Budva to available in Tivat. In Montenegro new villas, apartments and townhouses are sold very quickly, developers are constantly increasing pace of construction and increase the offer. The purchase of land for building own homes or complexes is no less popular. In Montenegro, the construction isn’t inexpensive and is carried out in the shortest period of time, so it is sometimes cheaper to buy land and build your own house than to buy already completed. Due to good economic growth and the rapid popularization of the resort among tourists, many investors prefer to buy commercial real estate in Montenegro. Own business aimed at serving tourists and locals in Montenegro brings good income and gets good development due to increasing tourists flow.
To date, the main advantage of the real estate of Montenegro is its accessibility. The cost of villas, cottages, townhouses in Montenegro and Croatia markedly inferior to the famous Spanish or French holiday homes, but not lose in quality. For example, in Budva you can buy apartments at a price which is ridiculous for the French Riviera or Italian islands. But after the accession of Montenegro and Croatia into the European Union, their real estate market will react immediately, and price increase will be inevitable. During the year the cost of real estate will increase by at least 25%.
Now the only fact which stops the big investors from buying property in Montenegro are some limitations associated with the acquisition of land and real estate by individuals. But these restrictions take effect only when purchasing land of large sizes and don’t affect or fetter the action of prime customers, who want to buy small cafe, plot for construction of villa or completed property in Montenegro.
